Prologis To Combine With Duke Realty In $26 Billion All-Stock Transaction

Reuters
2022.06.13 12:05
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June 13 (Reuters) - Prologis Inc:

June 13 (Reuters) - Prologis Inc (PLD.N) :

  • PRESS RELEASE - PROLOGIS TO COMBINE WITH DUKE REALTY IN $26 BILLION ALL-STOCK TRANSACTION

  • PROLOGIS INC - TRANSACTION IS ANTICIPATED TO CREATE IMMEDIATE ACCRETION OF APPROXIMATELY $310-370 MILLION

  • PROLOGIS INC - FUTURE SYNERGIES HAVE POTENTIAL TO GENERATE APPROXIMATELY $375-400 MILLION IN ANNUAL EARNINGS AND VALUE CREATION

  • PROLOGIS INC - UNDER TERMS OF AGREEMENT, DUKE REALTY SHAREHOLDERS WILL RECEIVE 0.475X OF A PROLOGIS SHARE FOR EACH DUKE REALTY SHARE THEY OWN

  • PROLOGIS INC - RESPECTIVE BOARD OF DIRECTORS FOR PROLOGIS AND DUKE REALTY HAVE UNANIMOUSLY APPROVED TRANSACTION

  • PROLOGIS INC - IN YEAR ONE, TRANSACTION IS EXPECTED TO INCREASE ANNUAL CORE FUNDS FROM OPERATIONS, EXCLUDING PROMOTES PER SHARE BY $0.20-$0.25

  • PROLOGIS INC - ON A CORE AFFO BASIS, EXCLUDING PROMOTES, DEAL IS EXPECTED TO BE EARNINGS NEUTRAL IN YEAR ONE

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